Wall Street Ant-ics

Move over, SpaceX; there’s a new IPO in town.

AI giant Anthropic filed its IPO paperwork Monday, beginning its march toward the public market under the ticker “ANT.” The 400-page filing revealed that the Claude-maker hauled in $16.3B in revenue during the first half of 2026, up ~1,300% from a year ago, but remains unprofitable.

Anthropic reportedly anticipates raising $100B at a ~$2T valuation when it debuts in mid-November. If successful, it would rival the record SpaceX set earlier this year of $75B at a $1.77T valuation and become one of the most valuable companies in the world.

The filing details a high-risk, high-reward opportunity. It pegs its potential market at more than $40 trillion, but spends 94 pages discussing risk factors, including that AI could “destabilize the geopolitical order.”

Need an IPO refresher? Click here.

Verse to consider when the world’s big offerings start to distract from the promises of God… “Do not love the world or the things in the world. If anyone loves the world, the love of the Father is not in him. For everything in the world—the lust of the flesh, the lust of the eyes, and the pride in one’s possessions—is not from the Father, but is from the world. And the world with its lust is passing away, but the one who does the will of God remains forever.”
1 John 2:15-17 (CSB) (read full passage)